Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
Sovereign Home Price
When looking across the province, Sovereign is the 301th most expensive in Saskatchewan.
When our research team crunched the numbers we calculated that Sovereign has a median home price of $98,700.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Nov this neighbourhood’s most common listing the same as the national average.
When we look at the data we have, it can help with trying to establish whether or not Sovereign is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Sovereign needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
If you are looking at investment properties in Sovereign, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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